Mumbai, Feb 2 (IANS) Gold and silver extended their decline on Monday, as hike in margin requirements are set to take effect on Chicago Merchantile Exchange (CME) in the US.MCX gold February futures fell 1.77 per cent to Rs 1,45,132 per 10 grams on an intra-day basis. Meanwhile MCX silver March futures dipped 6.88 per cent to Rs 2,47,386 per kg.Analysts said the free fall of gold and silver from their record highs started after the US President Donald Trump selected Kevin Warsh as the next US Fe…
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Mumbai, Jan 30 (IANS) Gold and silver prices fell on Friday, after hitting record highs in the previous session as investors booked profits and the US dollar gained strength.MCX gold February futures fell 1.03 per cent to Rs 1,67,656 per 10 grams around 10 am on an intraday basis. Meanwhile, MCX silver March futures dipped 3.42 per cent to Rs 3,86,200 per kg.The silver prices had touched Rs 4,20,048 per kg on MCX in the previous session and later fell over 6 per cent to Rs 3,75,900 before it ret…
New Delhi, Jan 29 (IANS) Investors should consider booking profits on silver and rebalance into diversified Indian equity funds or blue‑chip stocks, a report said on Thursday.The report from WhiteOak Capital Mutual Fund said that investors should trim precious metals allocation back to a safe‑haven allocation level and stop chasing further upside.”Book profits on silver, as its current valuation is the most over-extended relative to historical periods. Trim precious metals back to a safe hav…